Shares of Amazon have been under pressure, and the charts are pointing to more downside, according to one technical strategist. The stock posted its first negative week after five-straight weeks of gains, its longest winning streak since March. Despite the impressive streak, Amazon is showing signs of short-term exhaustion around Black Friday, and a further […]
Read moreA digital currency has added more than $3 billion to its market value after the firm behind it said it was teaming up with a number of big tech firms, including Microsoft and Samsung on a “data marketplace.” Called IOTA, the cryptocurrency saw a spike on Sunday evening, rallying just over 70 percent in the […]
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It’s the time of year, and that moment in a bull market, when investors start wondering whether to lock in some gains or let them ride. I know firsthand of one financial advisor email saying, “Your portfolio is up nicely this year and the market’s appreciation has made the asset allocation look pretty aggressive. Want […]
Read moreDialog Semiconductor slumped to the bottom of the Stoxx 600 on Monday morning after admitting that its biggest customer Apple could be about to design its own chips. In mid-morning European trade, shares in the Anglo-German firm were more than 18 percent lower. The slump built on a similar fall in value last Thursday when […]
Read moreSterling soared higher on Monday afternoon amid optimism that Brexit talks will break the current deadlock and move onto topics like a future trade deal between the two sides. At around midday, the pound hit a day’s high of 1.3523 against the dollar after news emerged that Westminster will concede on EU trade rules for […]
Read moreChipmaker Broadcom will take its first formal step on Monday toward a hostile bid to take over Qualcomm, unveiling nominees whom Qualcomm shareholders can vote on to replace the U.S. semiconductor company’s board of directors, according to people familiar with the matter. Broadcom’s move comes after Qualcomm rejected its $103 billion cash-and-stock bid last month. […]
Read moreMaltese police have arrested eight suspects in the murder of anti-corruption blogger Daphne Caruana Galizia, Prime Minister Joseph Muscat said on Monday, almost two months after she was killed when her car was blown up. All of the suspects are Maltese nationals and most have a criminal record, the prime minister said, without providing any […]
Read moreA crew on board a Cathay Pacific aircraft saw a North Korean missile blow up over the Sea of Japan last week, the airline told CNBC on Monday. Pyongyang launched the latest in a series of ballistic missiles last Wednesday in defiance of international sanctions and warnings against provocations. The rocket, which the regime said […]
Read moreCurrency, United States Finance
Investors should be more concerned about an overheating financial market at a time when consumer debts are rising to unsustainable levels, according to the global body for central banks. In its quarterly financial review, the Bank for International Settlements (BIS) said investors were choosing to bask in the “light and warmth” of improving global growth, […]
Read moreCurrency, United States Finance
Germany’s anti-euro, anti-immigration Alternative for Germany (AfD) party appeared to take a lurch further to the right at the weekend, with party members electing a hardline nationalist as co-leader of the party and eschewing more moderate candidates. During the AfD’s first party congress since German elections in September — which saw the party gain enough […]
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